Walmart to pay $16 billion for control of India's Flipkart, shares slide

NEW YORK/MUMBAI (Reuters) - Walmart Inc said on Wednesday it will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart in its largest-ever deal, an effort to compete with Amazon.com Inc in an important growth market.

Walmart to pay $16 billion for control of India's Flipkart, shares slide
Read More


Bagikan Berita Ini